Here We Go Again: SEC Stalls On Crypto ETF Approvals
The SEC announces a new delay in decisions concerning several awaited crypto ETFs. This strategic delay occurs in a sensitive political context, with Paul Atkins arriving as the chairman of the crypto-asset regulatory agency.
In brief
- The SEC postpones its decision on several crypto ETFs until June.
- Paul Atkins’ arrival at the head of the SEC raises hopes for a pro-crypto shift.
A strategic delay that rekindles uncertainty over crypto ETFs
Cryptocurrency investors were expecting a swift decision. But the reality is quite different! Indeed, the SEC has just extended its review period by 45 days concerning several ETF projects. This includes:
- the Grayscale Polkadot Trust
- the Canary Hedera ETF
- the combined Bitcoin and Ethereum ETF from Bitwise.
According to the SEC’s statement, these will have to wait until June 10 and 11, 2025 for possible approval.
The Commission considers it appropriate to provide a longer period to review the proposed rule change.
This is a cautious but revealing wording of internal tensions within the SEC. Remember that it is now led by Paul Atkins, a figure known for his pro-crypto market stance. He was sworn in just 3 days ago, on April 22, 2025.
A heavy wait, but hope is strengthened!
According to several crypto experts, this delay is not insignificant. It concerns major assets such as:
- Polkadot
- Hedera
- Bitcoin
- Ethereum.
Upstream, it is known that exchange-traded funds on crypto assets are becoming both a geopolitical and economic issue. Some observers see in Atkins’ upcoming roundtable on cryptocurrencies, scheduled for Friday, a desire to take control of these decisions.
Despite the absence of immediate approval, this delay does not sound like a refusal. On the contrary, it opens the way to a coordinated decision-making in a more favorable climate than under the Gensler era. The previous approvals of spot Bitcoin ETFs in January 2024 and Ethereum in July also suggest a certain logic in the sequence of events.
While the SEC is stalling, crypto market players hope for a decisive regulatory turnaround. June 2025 could thus mark a turning point for the future of crypto ETFs. A file to follow closely!
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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.